Oireachtas Joint and Select Committees

Thursday, 8 October 2020

Public Accounts Committee

Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019

11:30 am

Photo of Neasa HouriganNeasa Hourigan (Dublin Central, Green Party) | Oireachtas source

NAMA had told Avestus, or it had worked out and NAMA had confirmed for it, what the lowest or acceptable bid was. Clairvue offered almost exactly that, which we now know was probably less than it was worth. In some of the submissions today I am reading that Clairvue paid Avestus a fee in performance-related compensation. What does that relate to?

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